REGIONAL

IMF Marks Down Global Growth, But Keeps MENA Forecast Unchanged

The IMF cut its global economic growth forecast on 24 January. Citing intensifying strains from the Eurozone crisis, it predicted an increase of only 3.3% in 2012 and 3.9% in 2013. In its September 2011 forecast, the fund had predicted 4% growth for 2012 and 4.5% in 2013. However, it kept its MENA forecast unchanged, suggesting that economic growth in the region would climb 3.2% this year and 3.6% next year. This is...